login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

1. What is Insurance?

mahindra-finance-author

by Mahindra Finance

|

January 6, 2025

|

1 mins read

Insurance is a legal agreement between two parties i.e. the insurance company (insurer) and the individual (insured). In this, the insurance company promises to make good the losses of the insured on happening of the insured contingency. The contingency is the uncertain event which causes a loss. The insured pays a premium in return for the promise made by the insurer.

Related articles

How To Get A Car Loan In India?

Today, buying a car is easy due to the ready availability of car loans. However, you might be wondering ‘how to get a car loan?’. A car loan facility disburses a certain amount of mo...

KNOW MORE

June 29, 2023

When to Invest in Mutual Funds Based on Your Investment Goals

Marcel wants to save up for a vacation. Suhani wants to buy a home. Both of them want to meet their financial goals by investing in mutual funds. Is it the right choice? Of course! Mutual funds can be...

KNOW MORE

June 30, 2023

Things to Consider When Choosing a Fixed Deposit Scheme

When planning for your financial goals, it is important to align them with a strong financial plan. To help meet these goals, you can invest your savings in reliable and rewarding avenues such as Fixe...

KNOW MORE

June 29, 2023